Today’s 7 ETFs You Need to Know features exchange-traded funds (ETFs) that have earned top ETF PowerRatings ahead of trading on Thursday. Our highest rated exchange-traded funds have made significant short term gains more than 79% of the time in our quantified backtests. To learn more about ETF trading with PowerRatings, click the link below.
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Here are 7 ETFs You Need to Know for Thursday.
Even with its one-point PowerRatings downgrade, the ^TYH^ remains one of the highest rated exchange-traded funds heading into trading on Thursday.
Are consumers in an expansive mood or a conservative one? Both the ^XLY^ and the ^XLP^ (below) have earned PowerRatings of 9 as of Wednesday’s close.
Reflecting weakness in stocks like ^KFT^, shares of XLP earned a one-point PowerRatings upgrade to 9 ahead of trading on Thursday.
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The ^SMH^ (below) rallied on Wednesday after closing lower for three days in a row.
SMH is set to open Thursday morning with PowerRatings of 9.
Among country funds earning top PowerRatings ahead of Thursday’s trading session are the ^EWY^, which earned a one-point PowerRatings upgrade, and the ^TUR^. TUR earned its top PowerRatings despite trading below its 200-day moving average.
Retail remains an oversold sector heading into trading on Thursday. Closing lower for the fourth session out of the past five was the ^XRT^ (below).
Shares of XRT earned a PowerRatings upgrade to 9 as of Wednesday’s close.
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David Penn is Editor in Chief of TradingMarkets.com